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On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date   Check No.   Amount 5/4   254   $680   5/2   257   370   5/17   258   244   5/12   259   300   5/20   261   460   5/29   263   400   5/30   262   680     Cash Payments Journal Checks Issued Date   Check No.   Amount 5/2   258   $244 5/5   259   300 5/10   260   840 5/15   261   460 5/22   262   680 5/24   263   400 5/29   264   520 List the outstanding checks at May 31.

On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date   Check No.   Amount 5/4   254   $680   5/2   257   370   5/17   258   244   5/12   259   300   5/20   261   460   5/29   263   400   5/30   262   680     Cash Payments Journal Checks Issued Date   Check No.   Amount 5/2   258   $244 5/5   259   300 5/10   260   840 5/15   261   460 5/22   262   680 5/24   263   400 5/29   264   520 List the outstanding checks at May 31.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following.

Bank Statement
Checks Paid
Date
  
Check No.
  
Amount
5/4
  
254
   $680  
5/2
  
257
   370  
5/17
  
258
   244  
5/12
  
259
   300  
5/20
  
261
   460  
5/29
  
263
   400  
5/30
  
262
   680  

 

Cash Payments Journal
Checks Issued
Date
  
Check No.
  
Amount
5/2
  
258
   $244
5/5
  
259
   300
5/10
  
260
   840
5/15
  
261
   460
5/22
  
262
   680
5/24
  
263
   400
5/29
  
264
   520

List the outstanding checks at May 31.

No. Amount $ Total $ > > >
Transcribed Image Text:No. Amount $ Total $ > > >
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